Real Estate Types and Information
What is Real Estate?
Real estate is real property that consists of land and improvements, which include buildings, fixtures, roads, structures, and utility systems.
Types of Real Estate
There are several types of real estate, each with a unique purpose and utility. The main categories are Land, Residential,Commercial and Industrial
#1 Land
The land is the baseline for all types of real property. The area typically refers to undeveloped property and vacant land.
#2 Residential
Residential real estate consists of housing for individuals, families, or groups of people.It is the most common and popular type of estate in the asset class that most people are familiar with. Within residential, there are single-family homes, apartments, condominiums, townhouses, and other types of living arrangements.
#3 Commercial
Commercial property refers to land and buildings that are used by businesses to carry out their operations. Examples include shopping malls, individual stores, office buildings, parking lots, medical centers, and hotels.
#4 Industrial
Industrial real estate refers to land and buildings that are used by industrial businesses for activities such as factories, mechanical productions, research and development, construction, transportation, logistics, and warehousing.
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